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back to uncertainty. we want the economy to get better. we will like it to be better soon, as fast as it can happen. when that happens, then this competition for our best and brightest talent will go up. in that environment, i am concerned that as they are weighing -- not the personal threats to themselves which they are willing to take -- but when they are weighing the financial certainty for their families that they will come down on a different side than government service. that is an important question. we have an all volunteer military. it has been stressed. this is another stressor. we need to be mindful of this because we are competing for the best talent. we have been getting it. there are magnificent people that raise their right hand, civilian, uniform, or whether they serve as contractors. it does not matter. they are all working hard to do the right things. it is preserving that. there is an impact here with what is going on. it is coming to our level. they are telling us there is an impact on them, and we need to be mindful of it. >> general alexander, could you comm
blockbuster retail sales. this economy is stronger than you think. that may be a triumph. president obama says there's no immediate debt crisis. he thinks we're clear for the next ten years. sir, are you sure? we'll have the details four on that debate and doesn't forget free market capitalism is always the best path to ross peter. later in the show we'll show you a violation of it that blows my mind. i'm kudlow. we'll be right back. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. see lioutdoors, or in.ight. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little bett
of a balanced approach that protects the american economy, the ryan republican budget guts education, medical research, infrastructure and even public safety. the ryan republican budget would actually jeopardize the economic recovery. it wouldn't help it. and in case you're thinking it -- huge and painful cuts can buy an awful lot of deficit reduction, think again. instead congressman ryan's cuts will buy more tax breaks for the wealthiest among us. this budget isn't a serious attempt to reduce the deficit. meaningful deficit reduction will require shared sacrifice, including contributions from those who can best afford to contribute. today budget committee chairman patty murray will introduce a budget that reflects the principle of balance. senator murray's plan, the democratic plan, will cut wasteful spending, reduce the deficit and close tax loopholes that benefit the rich. and it will invest in the things that help our economy grow: education, preventive health care, worker training, roads and bridges. it will invest in a strong middle class. and unlike the ryan republican plan, it won't
this economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all of that is waiting for congress to get its act together, to get this sequestration out of the way
a negative impact on the national economy and perhaps even the world economy and d think that is the facts are these institutions have become too large. gerri: the administration disagrees with you. but i have to ask you, senator, are the banks simply too big, the major ones, five or six that do business with so many americans in this country. >> doesn't that bring up a whole other issue of if they're too big you can't govern them, you can't punish them, you can't discipline them, maybe that is an issue we have to deal with but that is not the immediate concern. the immediate concern is number one they said they relied on experts. senator brown and i want to know who these expes are. they want to know the judgment bas for which you can't ggt them for criminal activity, but the other things, is it a crime you can be a ceo of a company as opposed to a customer in the bank and violate the law and can't be punished for it. you get to big to jail in that instance. gerri: what the attorney general is saying is moving to a jail would jeopardize the financial syssem and i think everybody has in th
chosen a woman to be head of the national bank. she served as economy minister from 2008 to 2009 and the first female central banker for a g-8 country. she'll take over from an inflation fighter. it should happen in june. the appointment raised questions about the central bank's independence and concerns kremlin will push for looser policy. we want to know what you think of the measure. is it a significant one for females, for the g-8 or for russia's monetary policy. send us your thoughts here. if you are just joining us, these are your headlines. italy prepares to test bond markets with its first long-term auction since a rating downgrade from fitch. spanish retail giant sees shares dip despite reporting solid profits and senate democrats tee up to reveal their own budget plan. straight ahead on the program, can the dow close at a high for a record ninth day? we'll preview the u.s. trading session when we come back. stay here. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how b
's an means to the end. we want to revival upper mobility and growth in this economy. >> senate democrats are going to release their own spending plan after calling the republican proposal unacceptable. it will call for about $1 trillion in new revenues by closing tax loopholes and about 1 trillion in spending cuts at the same time but no structural changes to medicare and the question is will that get -- do either of these plans get anybody anywhere or is everyone talking to themselves? >> they're talking to themselves. we discussed it yesterday. in the last negotiations you still have the fact there are republicans who think that the republicans gave too much and then there are democrats who think that the democrats didn't get enough. so you have those clashing interests. >> i think what happened in january kind of derailed everything because by having these incremental advances instead of a grand bargain throws off the possibility that you do get the grand bargain. you see both sides digging in making sure they respond to their base saying the types of things that their base wants to h
record to be tying and oh, my, were things different and so much better in the economy then. the economy, i remember it well. jobs were plentiful, easy to get. we had people hiring in everything from technology to finance, manufacturing, housing, retail was smoking. 1996 we were at the cusp of the technological revolution where the internet was just beginning take hold of the consciousness. i was running my hedge fund back then and at the same time starting the street.com which remains an important focus for me now. i started the street because i envisioned the world where your personal computer married to a phone line could get instant information about stocks that you cared about upon. not just the ones that the day-old newspapers cared and or even the television. the era where people would be able to buy or sell a stock with the key stroke using a personal computer with very low commission rates was just getting under way. what a remarkable time that was. the last time we were up so many day, okay? for the dow, that time. when you had a brand new penny in power pc with microsoft windo
that reaching out beyond the traditional economy of our church is another big step in the right direction. >> reporter: the president along with first lady said is one wishes to the new pope in a statement that reads in part by look forward to working with his holiness to advance peace, security, and dignity for our fellow human beings fifth regardless of faith. we have also learned that vice-president biden will travel to rome for the pope's installation. lou: thank you very much. fox news correspondent. turning back to washington. the president asked by an unnamed republican whether white smoke would be emanating from the capitol building after today's meeting with republicans . the president responding, i think that straining the analogy a lot of folks would agree with them. not a surprising sentiment considering the president gave a national interview before the meeting trying to downplay the possibility of striking any kind of bipartisan deal on budgets cut taxes, and deficit reduction. >> it may be that the differences are just too white if their position is we cannot do any revenue
i did with this article. the simple fact is that we live in two economies in this country. all of them lived in one economy which has had a lot of trouble over the last decade and then there is the medical economy which has been booming, just going hog wild booming, and the reason, there is no con proehl on the profits and the prices, and i don't come from -- i'm a left-wing perspective. i look at it from the standpoint of the consumer which & they have no leverage under the marketplace. >> under the obama care there is hope for this because they'll be big nufr, how health care is the unit price. they all have to be built by the patient. >> i'm not sure we solved it, but we made a veiliant effort and i hely recommend steve's piece and it is one of the best things i've read on the spiraling cost. court tv founder and former governor howard dean. >> coming up, catholics around the world waiting for a new pope. why it would be beneficial for him to be a man of god with a head for business, but first, let's take a look at how treasurys, currencies and commodities fared today. >> on
. they're the one place left in our economy where you can find some bargains. >> margi, weigh in on the risk in trade. it went through a lot of volatility last year. this year seems to solidly be risk on. but the question is, at what point does that dynamic change? >> well, i think you're starting to see, lately, some of the large, more conservative names take the leadership. and that says to me, maybe the market's running out of a little bit of gas here. we need a new change in the market to draw in some of these cash reserves to take the market to a higher level. but still, in all, i think it's going to be a very good year nor the risktaker this year. i think stocks will be the top-performing asset class. but we certainly need some more money to come in, to break out of a -- into a new level from these prices here. >> and bernie williams, those retail sales numbers were encouraging this morning, weren't they? >> yeah, they were. and they're just another reason to provide some uplift to this market. that combined with the unemployment numbers. you do have a little bit of a he
president obama entered office facing massive deficits and an economy that was shedding hundreds of thousands of jobs per month. now we've made progress towards getting our debt and deficits under control, and we've added back jobs, but the recovery isn't as strong or as fast as it needs to be. millions of workers continue struggling to get back to work, and we still have some very serious challenges when it comes to our medium- and long-term deficit and debt challenges. in the coming weeks and months, we will be asked to make tough choices as we work to tackle these challenges responsibly. this process is not going to be easy. there's a serious difference of opinion about what our government should be doing to keep our economy and our national finances moving in the right direction. one approach is to follow a path back to the economic policies of the last administration. this is the path to more tax cuts for the rich but less opportunity for the middle class to get ahead. it is a path not to prosperity, which can only truly be built from the middle out, but to the deterioration
-- pillars for any move higher and expansion in the economy domestically. housing, financials without a doubt. energy as the third. liz: okay. >> large cap technology for the dividend but those three i think you've got to have exposure sure to with dry powder right now. liz: let me tell the viewers. things working past five months, at least follow that trend for now, correct. >> yes. david: wow! that is amazing we could see doubling of money they made in housing an financials. george, we were talking a little bit about the consumer sector, retail sector specifically. you think it is good time to buy into mickey d's or mcdonald's now? or again, like we talked about apple, should we wait until it comes down? >> you want to buy mcdonald's. you want to buy coca-cola. you want to buy large cap blue chip names. right now mcdonald's is trading under $100 a share and coca-cola is trading at about 38. david: mcdonald's at 100, george, mcdonald's at 100. it seems a little pricey right now at 100. should i wait for it to come down into the 80s for example? >> you could. you could do the same strategy as
that republicans say over ten years we have another trillion dollars. i don't know how will a robust economy can be created out of this. i mean, if these tax increases which i agree, 1 trillion democrats are proposing and what happened. if it were that will be crushing to the economy. >> with all these tax increases in the pipeline to howland the world to we realize that dream a half percent average annual real gdp growth, the cbo is predicting for the five years. we have to get this growth if we are going to be on track to move toward a balanced budget. lou: the ryan budget does that in the course of n years, but it makes a huge assumption, as just under 2 trillion that would be derived from the elimination of obamacare. that does nothing, -- does not as i said at the outset seem likely. >> not feasible today, but once obamacare goes into effect it could be that those the observable as well a the possible rationing of health care could create such an outcry that this program would be watered down substantially. lou: do you agree? >> exactly. i think he is right. i don't think it wille overturne
that i actually like the economy here and have liked it ever since the fiscal cliff was resolved. sure we got some hiccups. mastercard saying they have degradation. we recognize that china has got its head handed to it of late and the united kingdom is now joining italy, france, greece, spain, and taking another step down. geez, it's ugly out there. >> the house of pain! >> i can scream every time someone asks about when the fed is going to take the punch bowl away. i wish that analogy had never been coined. but i have to now doubt -- i've got to doubt, there's no doubt, there's no doubt that there will be a tough moment for this market when ben bernanke changes his stance, even if the economy is humming. i just don't know what level that top will come from. maybe it comes from dow, i don't know, like 16,000, or what the rest of the employment picture will look like. because we do know the federal government is pulling back from job creation fast and furious. oh, by the way, i don't like that north korea just undid the hard fought armistice with south korea or that the new leader wants to
to ground in congress on handling the economy. we're in the middle of another budget mess and this time the president is not winning the battle handsdown. today we get the democrats trillion dollar tax hike plan and wait for it, stocks will be up again. okay retail sales, yes, stocks up again. here we go. "varney & company" is about to begin. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. weike this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades whenou open an account. neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from th
in a big way, whether it is a game changer and what that means for the market and the economy and everything else. i know we'll be talking about it it at noon. >> we're going to get our last word. they can talk about it for just one second and not that long because we've only got a minute and we'll talk to henry blodget and curtis artledge. you asked a question about jc penn penney. maybe they can raise more cash, but they're running out of cash at this point. they don't have that much left. >> you have a final thought on either jc penney or more importantly, the markets? >> i think today's entire discussion has been about the early stages of confidence building and we get past these two gigantic minefields of fiscal cliff and sequester. we start to see m & a pickup and retail sales and they're willing to spend money because they're more scared about their job. we see capital expenditures and people starting to plan for them and sentiment, actually, when we talk about it i don't think there's that much complacency. people are still nervous. >> scott, it was great having you he
round of attacks on some big banks. on the economy, there is no bigger bowl man ryan westbury. those stories and much more, maybe even a new pope. dagen mcdowell joins me for market now. ♪ dagen: you are very low. go cardinal dolan. i am actually excited. smoke watch is 1150-215 eastern time. we will see. if there is no pope, it will probably be about 2:15 p.m. eastern time. cheryl: you know what, i can watch a smoke stack for a few hours. top of the hour, almost. stocks now and every 15 minutes. nicole petallides at the new york stock exchange. nicole: i enjoyed that analogy. they are both very entertaining. we are down, the dow is down about 14 points. six record closes for the dow jones industrial. a green arrow would mean a record close for the dow today. names like verizon, procter & gamble, alcoa are pressuring the dow. the s&p is going nowhere fast. boeing hit a new 52 week high. you have many retailers hitting new 52 week highs. we are seeing american spending on gasoline, auto sales, grocery stores. talk to you. dagen: where is the disposable income after that payroll tax
the economy is getting better, not great, but slightly better. housing will continue to improve. martin luther may or may not be unveiling a new line of papal colors. and go on streetsigns.com to see me race our producer on lawn tractors. he wins. he's got the weight advantage. >> thanks for watching "street signs" everybody. "closing bell" is next. >>> well, we'll see history made today, one way or the other, whether it's in rome or here in new york city. i'm bill griffeth. welcome to "closing bell." we're here at the new york stock exchange, where it looks like another photo finish if history is to be made in the stock market. we know history's about to be made there in vatican city. right now the dow's up 4.5 points. >> history being made on several fronts. i'm sue herrera. maria bartiromo will be right back tomorrow. and at any moment, we'll find who the new pope is. less than an hour ago, that white smoke billowed high above st. peter's square, signaling the cardinals had chosen the new pontiff. we'll keep these dramatic pictures for you throughout the hour, until we see the new pope, lea
of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue, if we controlled spending and have a smart entitlement package, then potentially what you have is balance, but it is not balance on the backs of, you know, the poor, the elderly, students who need student loans, families who have disabled kids, that's not the right way to balance our budget. >> the glow is off paul ryan budgets, even for republicans, including former ryan worshipper rush limbaugh. >> now, there are people that don't like it, even on the republican side because it has tax increases in it, some say tax increases on the rich. leaves some of obama's tax increases in it. heritage foundation has done deep analysis of this. one of their problems with the ryan budget is, and they do have problems with it, is that hefty tax increases of obama's are maintained. they're kept in it. they're not done away with. >> paul ryan's budget leaves in the increase in top income tax rate that president obama achieved in january, the conservative blog red stat
for the sake of balance, my goal is how do we grow the economy, put people back to work? and if we do that we are going to be bringing in more revenue. >> patty murray will unvail the democrats budget plan and the white house says president obama will release his budget the week of april 8th. also today president obama will meet with ceo's from major companies to get their input on how the government and private sector can best work together to improve cyber security. coming up why the director of national intelligence says cyber attacks now pose more of a threat to the u.s. than a terrorist attack. >>> time now 5:07. let's check in with sal. already we are following fog and crashes a busy morning. >> it is busy already. pam, welcome back. the traffic is moving along pretty well if you are driving in many areas. but it's foggy. i can show you the east shore freeway. if you look at the screen you can see is cars moving through. very thick fog. when you two to the toll plaza just a little bit away you can see fog here. not a lot of traffic yet. but mark and i will be the fog brothers this morni
country, our economy, our constituents, our friends and our neighbors. it is the single greatest threat to our economy and to our health care system. eventually, madam president, obamacare will be repealed. the american people will see the damage it does and demand that we scrap it and start over, but for now, we must at least defund it, at least for the life of this continuing resolution for the remainder of this fiscal year. senator cruz and i have been assured this amendment will fail and that obamacare will move ahead as planned. if that is the will of the senate, then so be it, but what obamacare does start to break down, when waiting times start to grow, when costs start to explode, when taxes start to rise, when doctors and nurses start to quit, when hospitals start to close, when businesses start to shutter, when patients and families truly find out what's in this bill, then the american people will know who is responsible for the catastrophe of obamacare and who, like the gentleman from texas, tried to help. madam president, a few years ago when then-speaker of the house nancy
the economy, put people back to work? and if we do that we are going to be bringing in more revenue. >> patty murray will unvail the democrats budget plan and the white house says president obama will release his budget the week of april 8th. also today president obama will meet with ceo's from major companies to get their input on how the government and private sector can best work together to improve cyber security. coming up why the director of national intelligence says cyber attacks now pose more of a threat to the u.s. than a terrorist attack. >>> time now 5:07. let's check in with sal. already we are following fog and crashes a busy morning. >> it is busy already. pam, welcome back. the traffic is moving along pretty well if you are driving in many areas. but it's foggy. i can show you the east shore freeway. if you look at the screen you can see is cars moving through. very thick fog. when you two to the toll plaza just a little bit away you can see fog here. not a lot of traffic yet. but mark and i will be the fog brothers this morning.
of gdp. and that will lead to a stronger economy and more employment. so i really like the budget. i like the direction. and i hope it does unchange the debate in washington. melissa: kevin, do you agree with that, by definition the largerhe government is the smaller the private sector is, everydollar they spend came from somewhere? >> sure in the long run that is absolutely true. there have been a lot of studies thathow the big government countries grow a lot slower an that smaller government countries. absolutely. if we get government under control we would ratchet up the forecast. that is what mr. ryan is trying to do. i think the problem the democrats will have they will put out a budget maybe matches presiden obama's rhetoric and has a lot of tax increases in it. that will cause a lot of democrats to be in something of a political peril. i think after the democrats budget comes out we're then going to see horse trading and movement maybe towards this ryan budget. but i think the odds of the ryan budget anywhere close to law are just about zero. they're not going to repeal, for exampl
. and look where we are going. today our national debt is bigger than our entire economy. unless we change course, we will add another $9 trillion over the next 10 years to our national debt. that debt will weigh down our country and our economy like an anchor. at some point lenders will lose confidence in us. they will demand higher interest rates. when they do interest rates across the country will skyrocket on credit cards, mortgages, car loans, families. as interest rates rise, debt payments will overwhelm all other items in the budget. and the debt will overwhelm the economy. our finances will collapse. the safety net will unravel. the most vulnerable, that's who suffers the most under a debt crisis. a debt crisis would be the most predictable disaster in our history. i looked back at 2008 like it was yesterday sometimes. i remember seeing all that was hatching in front of our eyes. i remember panicked meetings with the federal reserve chairman and treasury secretary, and looking back we can see what happened, but at the moment it was a crisis that hit us by surprise. look what happen
for this mess. no more taxes. we cannot take it in a bad economy. who knows what corn to happen in budgetary fluctuations between today and 10 years from today? entitlements is a very nasty way of saying we have to take something you ever earned and take it back because we cannot decide what to do with your money in the first place. i think the president is wrong. i am a democrat, but i don't support his ideas. tax-and-spend, tax-and-spend. the ryan budget is thdoa. this is too much, too late. who knows what is going to happen between today and 10 years from today? hopefully, i will be alive to get what i earned. i would rather be in my > to continue seeing this misery that the u.s. congress and this president and his health care act needs to be a pair back. it's not going to work. host: david on our independent line from mclean, virginia. caller: i have some questions. it's your guests along the line? host: we're just taking calls right now. our first guest is about a half- hour. caller: one, we would like to get clarification on the senate's passing the budget through an act of reconciliat
a deficit reduction plan over the longer term, starting as the economy begins to recover more that will give more credibility to the market, such that interest rates don't go up if they get scared, we'll never do anything about deficits. but it's a matter of timing, not a matter of morality. ivities bob, giving all great work that demoss is doing, the republicans have been masterful insofar as is the national debate has centered on deficits. a lot of the economists would say, look, as ezra points out, a long-term plan is necessary, but in the short term stimulus spending is what we need. >> exactly what we need. >> the elephant in the living room is still unemployment. we have too many people who are jobless or underemployed, and budgets in any kind of reasonable state of balance without putting these people back to work in good jobs so that they're paying taxes. the question becomes, when we have they budget debates in washington and the question that's not being answered is, what is the goal? the goal is not simply to get a balanced budget or get closer. it's to have some kind of economic
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a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work. if we do that, we'll be bringing in more revenue. if we've controlled spending and we've got a smart titlement package, then potentially what you have is balance. but it is not ballot backs of the poor, the elderly, the students who need student loans, families who got disabled kids. >> what do you think? how important is a balanced budget in the near term? in the next decade when it comes to the health of the economy? you can weigh in on the "nightline" page. hope you check out gma. more of the president's interview in the morning. see you tomorrow.
the japanese economy for years. he's urging businesses to pay their employees more. some managers agreed to do that but only temporarily. nhk world explains. >> reporter: more company managers and labor unions are wrapping up their month-long wage negotiations today. many firms cut bonuses last year. but this year, workers are receiving better deals. union members in japan are tallying up the pay increases for the next fiscal year, which starts april 1st. so far, all of the country's major companies have promised to keep raising wages based on age and seniority. many firms are offering more because business is better. managers at toyota motor agreed to pay an annual bonus worth five-month wages plus an extra $3,000. that's the highest payout since 2008. executives at nissan, honda, and mitsubishi also decided to accept demands for bigger bonuses. >> translator: it's good to see bonuses are increasing even if it's a temporary measure. >> reporter: prime minister abe has repeatedly asked business leaders to raise their worker's pay. he says wages must go up to boost consumption and pull japan ou
of our tourism economy as well as job growth. as you might imagine, revenue projections are sensitive to the overall economic condition of the city so to the degree that the pay for the recovery is slower or federal spending cuts are more significant than what we -- than we're factoring in at the moment, those projections could change. overall, the plan assumes more conservative growth rates on revenue in the third, fourth and fifth years of the plan. one to have reasons for that is that we are now going into a pretty -- into a sustained period of economic recovery and over the last number of years, we know that we haven't been able to -- we've seen booms and busts in our economy so we need to be i think responsible in our revenue projections in those third, fourth and fifth years. there's still growth rates assumed but just at a lower level. >> ms. howard, quick question for you, and i appreciate that comment, i think as you look at economic cycles and so forth, you can make an argument that we're going into a shorter economic swing, have you guys done any look at all about a down si
more revenues or tax increases. do you think they can really handle more given this economy? >> i think we can get rid of the special interest tax loopholes. melissa: are you talking about changing to ordinary income? that $21 billion makes a lot of difference. it may make a difference whether we have a medicaid program that can help meet the needs of the people falling through the cracks, it may mean that additional grants for cancer research. it is still, even in washington a lot of money. i would like to see each of the agencies look at each of their own budgets. i think we can do further inductions that way, that are sensible that allow us to continue investment in the country and, in fact, increase investments where we need to. melissa: you spoke in the beginning about trying to find a common ground between the two plants. >> i certainly accept the need. i think that is very important. it should not, the cost cost of growing jobs, keeping the economic momentum we shall last month going. that should be our top priority. melissa: a lot of the economists say the debt in and of itself
according to the local immediate roll gist. the economy is hurting badly. this was a jolt for the economy. or seemed to be. italians react to the man as we think he will? he is of italian heritage, and so many people in argentina have italian roots. 50-60% of the population, i have now read, in argentina with italian linage in one way or another. this is bringing together two worlds. worlds where the papacy resided forever and where the catholic people's numbers are the highest. it's interesting congrlegration and they hope this is the dawn of the new day for the church. they could use the hope and inspiration. >> kimberly: we're going to bring in eric bolling. >> eric: hey, shep. cardinal begala chose the name pope francis. the first francis, not the second or third. the first time. he came out and the first words he spoke very informal. he's said to have lived in a small apartment in argentina where he could have lived in a palace. his informal, humbleness, does it give us insight to what his papalsy will bring? >> those in the know seem to believe it would. pope john paul ii in 1978, h
, instead of the steak knife is tough for the economy, senator murray said this is a great plan for everyone as being pro-growth, i don't know what a trillion dollars in national tax rates is going for growth, i don't see it. neil: rick, you are tight with a lot of powerful democrats, i know what bothers them is he is taking on entitlements, he is not really he is taking them on. carney said yesterday, think of changing the ages, and you know and a nonstarter. so, if entitlements are off the table for a lot of democrats right now, we're going nowhere fast? >> you have to be a little bit careful. we know that murray's budget, opening shot from democrats ryan's budget opening shot from the republican, president somewhere in the middle, important to keep this in mind. i will tell you, i have to disagree when you say ryan budget does not take a cleave torent tight imminents -- clivecleaver to entitlements, 5n medicare and medicaid that is heavy, the thing that shocked me about his budget, i have to tell you, you know i'm not the biggest fan of representative ryan, but it at least it has been re
the past seven weeks. 46 disapprove. numbers worse when it comes to the handling of the economy. 44% back the president. 52% do not. dan lothian joins us from the white house. so the polls certainly can't help the president's cause, especially without republicans. >> it certainly shows there is a lot of frustration out there, a lot of concern for americans when it comes to the president dealing with debt and deficit. we expect republica will shine a big spotlight on that raising some of the same concerns and criticisms and you you heard some of that yesterday from representative paul ryan, the chairman of the house budget committee as he was rolling out his own budget that seeks to balance the budget over the next decade by doing away with a locality of health care reform, by streamlining the federal tax code. but president obama in an interview with abc news, says when it comes to the timeline, it's not what he has in mind. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're go
continue to be the leader in the world economy. we need the pope, get that done. italy needs to get a pope and get their economy back on track. costco good, target good, wal-mart good, j.c. penney, not so good. >> the important is if we do not send money the economy falters. >> i feel like at mcmahon, you are correct sir. we do pay attention to that. >> do we have and it's all coming out tomorrow? >> the most lanes/mob ever in the york for people. samsung employees. they're coming out of the phone tomorrow and it has samsung aquiver in. it is one-fifth of th10 years ago they we need t new products. >> the intent was sounds of all is the son was steeper than the five phones do you think that will help apple out if they have in the less-expensive iphone? >> yes i do. we go is a good success partner. sam's and has a good partner. did i were to marry samsung or apple i would do well. as long as i don't marry nokia. they aren't bad, motorola is dead. samsung and apple are the two players. it is not a pie they make, and is not a pie they get. i is good. they are the two best pipe makers if you g
. this is what he says. we are now in a position where the economy is not growing in the way it had been expected. and he goes on, we don't want to be japan with a decade of no growth. mr. speaker, when his own business secretary calls for them to change course, is he speaking for the government? >> let me tell him what is happening in the industrial production. we are now producing more motorcars in this country than we have at any time in our history. exports to all the key markets in terms of goods like india, china, russia, brazil are all increasing very rapidly. none of things things happen on a labour government in the trash our economy, racked up the debt and nearly bankrupted the courage. when it comes to capital spending i think we should spend more money on capital and that's why we're spending 10 billion more than the plans of the government of which he is a member. i think we should be using the strength of the government balance sheets to encourage private-sector capital, and that's why for the first time in its history the treasure is providing those guarantees. the fact is he read
. mr. thompson: the only way to get our economy growing stronger is take an honest account of the fiscal problems we face and put forward policies to address these challenges. it's called budgeting. a fundamental part entails writing and passing a budget, something we haven't seen the senate in four years. four years, that's how long americans have had to wait for the senate to perform its most basic function as a legislative body. before today, the only thing certain was that the senate would not consider a budget. today, the senate democrats introduced a budget and i'm glad they did. it's about time. unform after reviewing their proposal, the only thing certain is that their budget will never balance. we owe the american people a responsible balanced budget. the house budget introduced yesterday, balances the budget in 10 years. the senate democrats' proposal never balances ever. a balanced budget will foster a healthier economy and create jobs, madam speaker. the american people elected us to lead and put forward solutions and not hide from the challenge and posture for
goals. the coalition drawdown will have an impact on afghanistan's economy which is likely to decline after 2014. in pakistan, the government has made no effort to institute -- this past year, the pakistani armed forces continued operations in tribal areas which have been safe havens for al qaeda and the taliban. pakistan saw fewere domestic attacks from the militant group. violence, corruption and this cretinism in africa will threaten u.s. interests this year -- and extremism in africa will threaten u.s. interests this year. we still see a result conflict between sudan and south sudan, extremist attacks in nigeria, a persistent conflict in central africa. china is supplementing its more invest military capabilities but altering maritime law enforcement to support its claims in the south and east tennessee's. it continues its informations dealing campaigns. russia will continue to resist putting more international pressure on syria or iran and display its sensitivity to missile defense. latin america and caribbean contend with weak institutions and trafficking which pose a threat to
the bay area economy. >>> one golfer with quite a hole in one. he fell into a sink hole. we have details of how he survived. [ male announcer ] subway introduces the new $3 six-inch select! this march, we're kicking things off with the low fat oven roasted chicken $3 six-inch select. it's available all month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> welcome back to the ktvu channel 2 morning news. actually a pretty good retail report coming in this morning. but the dow down just about 24 points. the nasdaq and s & p also down a quarter of a percent. >>> time now 6:55. this firey explosion this morning in a louisiana bayou. four people were hurt. a tug boat hit a gas pipeline. that tug boat was pushing an oil barn last night about 30 miles south of new orleans. both of the vessels were engulfed in the flames when the boat hit the pipeline. four people on the tug boat were treated for injuries. one suffered severe burns. >>> back here at home fire repairs on berkeley's famous restaurant may take a lot longer than expected. cr
yacht race. how it will effect the bay area economy. >>> one golfer with quite a hole in one. he fell into a sink hole. we have details of how he survived. [ male announcer ] subway introduces the new $3 six-inch select! this march we're kicking things off with the low fat oven roasted chicken $3 six-inch select. it's available all month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> welcome back to the ktvu channel 2 morning news. actually a pretty good retail report coming in this morning. but the dow down just about 24 points. the nasdaq and s & p also down a quarter of a percent. >>> time now 6:55. this firey explosion this morning in a louisiana bayou. four people were hurt. a tug boat hit a gas pipeline. that tug boat was pushing an oil barn last night about 30 miles south of new orleans. both of the vessels were engulfed in the flames when the boat hit the pipeline. four people on the tug boat were treated for injuries. one suffered severe burns. >>> back here at home fire repa
here is people are buying u.s. based stocks because our economy is improving and getting better and they're selling some of the chinese and foreign names here because china is trying to put the brakes on growth a little bit. that's been down for the last couple of months here. our s&p 500 has been on the upside. it's not just then but emerging stocks in general. that bottom line is the green line. the emerging market index. the major one. there is the s&p 500. s&p is up 9%, emerging market index is down about 3%. people are starting to look more at the united states as the growth part of the world right now. >> exactly. and the data seems to be supporting that. thank you very much. >> in the meantime gold prices. >> close iing. >> it has been a choppy session. in large part by the movements of the dollar. the largest gold etf as well. has seem some reduction in its holdings. that is something that some analysts are saying is due to institutional investors pulling out metals across the board. >> thanks. back to chicago where rick is tracking the action at the cme. first, there is
we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we continue to tour. reputation grows and grows and grows and it has never stopped going forward. msk(music) >> the bay area knows the orchestra. you maybe take things for granted a little bit. that is simply not the case will go on the road. the audiences go crazy. they don't see vitality like this on stage. we are capable of conveying joy when we play. msk(music) >> any performance that we do, that a program, that will be something on the program that you haven't heard before. string orchestra repertoire is pretty small. i used to be boxed into small repertoire. i kept constantly looking for new repertoire and
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